Hi Fanfair,
Apologies for the delay; I do appreciate your help. This is not a hypothetical. The IRA was inherited this year. The decedent passed in August 2020. Basically, without the stretch rule, I'm really at a loss as to what to advise my son. He is grateful for the inheritance and we're trying to make the most of it. If he does the trustee transfer, it's my understanding that if he takes any money from the account, he will be taxed for its entirety in that year. Perhaps he should simply keep the BDA IRA and remove yearly lump sums/ RMDs? Ugh. BTW, the decedent had not taken their RMD for this before death. Thank you for any help.
~ESC
